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of <h1>2019 Amendment to Foreign Contribution Rules: Increased Monetary Threshold, Faster Processing, New Affidavit Requirement for Compliance Certification.</h1> The Foreign Contribution (Regulation) (Second Amendment) Rules, 2019, amends the 2011 rules under the Foreign Contribution (Regulation) Act, 2010. Key changes include revising the monetary threshold in rule 6A from 25,000 rupees to 1 lakh rupees, and reducing the processing period in rule 7 from 60 days to one month. The amendments require affidavits from office bearers and key functionaries in Proforma 'AA' for forms FC-3A, FC-3B, and FC-3C, certifying compliance with eligibility criteria under section 12(4) of the Act. The affidavit must be executed on non-judicial stamp paper and attested by a notary or magistrate.
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